Get Orient Cement Ltd news and stories on Tickertape. Buy Orient Cement… NEW DELHI: CK Birla Group firm Orient Cement Ltd today said it would acquire two entities, Bhilai Jaypee Cement and Nigrie Cement Grinding Unit, from Jaypee group firms for a total consideration of Rs 1,946 crore. UltraTech Cement, Shree Cement, Ramco, JK Lakshmi Cement, and Orient Cement are expected to report higher realisations of at least 4% in FY20. AMPSolar Systems was incorporated on May 17, 2020 and is a step-down subsidiary of AMP Energy India Pvt Ltd. AMPSolar Systems has been formed for the purpose of setting up a solar power project in Maharashtra, in terms of the regulatory requirement for … ECONOMIC TIMES Orient Cement gains 5% as analysts upgrade earnings post its June quarter performance 04-08-2020 The stock of one of the well-placed small-sized cement company Orient Cement was trading little over 5% higher than its Monday’s closing price. Orient Cement, India Cement and Ambuja Cement have temporarily suspended its operations at various locations. Includes DocuBay and TimesPrime Membership worth ₹1499 & ₹999 resp. ET NOW was the first to report the development. NEW DELHI: Orient Cement today reported a standalone net loss of Rs 29.4 crore for the quarter ended September 30, 2016, against a net profit of Rs 28 crore in the year-ago period. NEW DELHI: Most cement stocks were trading in the green in Tuesday's afternoon session. Sorry, there are no blogs for your search. Tomorrow is different. Established in 1979, Orient Cement was formerly, a part of Orient Paper & Industries. Choose your winners rationally in 3 simple steps! Orient Cement acquired Jaiprakash Associates' 2.1Mta cement plant at Bhilai and 2Mta grinding unit at Nigri. Powered by Capital Market - Live News Total income during the quarter under review stood at Rs 567.14 crore, down 1.32 per cent compared to Rs 574.76 crore reported in the year-ago period, Orient Cement said in a BSE filing. India: Jaypee Cement is seeking approval from the Ministry of Coal to return two captive coal blocks, which it previously won by auction in 2015. It will acquire a 26% stake in the latter for around US$0.6m. NEW DELHI: C K Birla group firm Orient Cement Ltd on Wednesday reported narrowing of its net loss to Rs 5.67 crore in October-December 2019 from that of Rs 13.70 crore in the same quarter of the previous year. Orient Cement Ltd.: Orient Cement gains 5% as analysts upgrade earnings post its June quarter performance - The Economic Times Stay up-to-date with All the Cement Industry News | Orient Cement - The Leading Cement Manufacturer in India Press Coverage | Orient Cement - The Leading Cement Manufacturer in India. Orient Cement began cement production in the year 1982 at Devapur in Adilabad District, Telangana. Considering the once-concrete pad It had posted a net profit of Rs 61.98 crore in January-March a year ago, Orient Cement said in a BSE filing. Orient Cement reports net loss of Rs 5.67 crore in Q3 FY20. Let's reshape it today, Hunt for the brightest engineers in India, Read Stock Insights by ET for a quick analysis. +Includes DocuBay and TimesPrime Membership worth ₹1499 & ₹999 resp. New Delhi: CK Birla Group firm Orient Cement on Thursday said it would acquire 26 per cent stake in AMPSolar Systems for Rs 4.5 crore. India Business News: New Delhi: The CK Birla group-owned Orient Cement said on Thursday that it will acquire a 74% stake in a cement joint venture of debt-laden Jaiprakash. India Business News: New Delhi, Feb 8 CK Birla Group firm Orient Cement Friday reported a lower net loss of Rs 13.70 crore in the third quarter ended December 2018 comp Orient Cement Ltd., incorporated in the year 2011, is a Small Cap company (having a market cap of Rs 1835.62 Crore) operating in Cement sector. Click "Continue" to accept and continue with ET RealEstate. All Rights Reserved. Orient Cement's profit down 29% to Rs 44 crore in Q4 FY20, Orient Cement, Ambuja Cement & India Cement suspend operations due to Covid-19, Orient Cement reports net loss of Rs 5.67 crore in Q3 FY20, Orient Cement reports net loss of Rs 7.70 crore in Q2 FY20, Orient Cement reports profit of Rs 55.89 crore in Q1 FY20, Cement got back its mojo in FY19; this year it'll rake in the moolah, Orient Cement reports net profit of Rs 61.98 crore in Q4 FY19, Orient Cement's reports a net loss of Rs 13.70 crore in Q3 FY19, Orient Cement's net profit down 59% to Rs 16 crore in Q1 FY19, Orient had stipulated conditions which were not acceptable to SAIL: JAL, Orient Cement calls off deal to acquire two units from Jaypee, Orient Cement net profit dips 31% in Q4FY18, Orient Cement posts net profit of Rs 10 crore in Q2, Orient Cement expects to reach 12 MTPA capacity this year, Jaiprakash Associates to sell Bhilai Jaypee Cement for Rs 1,450 crore; plans to raise another Rs 2,000 crore, I see a strong demand growth in coming quarters: Deepak Khetrapal, Orient Cement, Orient Cement appoints IYR Krishna Rao as Additional Director, Orient Cement in red; posts Q2 net loss of Rs 29.4 crore, Realty industry seeks Maharashtra like premium deduction in other states, How much money you will save after 50% cut in premiums in Maharashtra, Office leasing dips 53% in 2020 in Hyderabad: Report, Office leasing dips 19% while home sales down 51% in Bengaluru in 2020, Maharashtra cabinet approves 50% reduction in premium for real estate projects, NCR has about six years of unsold residential inventory, Home sales in eight cities dips 19% year-on-year in H2 2020: Report, Eight Indian cities record leasing of 22.2 million sq ft in H2 2020: Report, Savvy Infrastructure to invest Rs 700 crore to develop 10 lakh sq ft in GIFT City, UltraTech Cement raises Rs 1,000 crore via NCDs, Stamp duty waiver helped Maharashtra's revenue grow by Rs 367 crore, Mumbai: Civic body to restore property tax on sub-500 sq ft housing units, D-Mart's Radhakishan Damani to acquire 8-acre Thane plot from Mondelez, DDA approves new housing scheme in 2021 with nearly 1,200 flats, Audit deadline relaxed for cooperative housing societies in Maharashtra, Hemisphere Properties' real estate to be monetised for Rs 19,000 crore, Saha Infratech directors held for duping 20 crore from buyers in Noida, Financial impetus and regulatory reforms can help grow building materials sector. Never miss a great news story! Orient Cement currently trades at a replacement cost of Rs 2.2 billion/mt sharply lower due to the reaction to the current weakness followed by the Covid-19 pandemic, which according to the brokerage is overdone. The company has told the ministry that it does not require the coal blocks as it has sold off the attached cement plants, a ministry official told the Economic Times … The company had reported a … Add Comment. Copyright © 2021 ETRealty.com. We have updated our terms and conditions and privacy policy Feb 11, 2019 12:02 PM IST Latest News: Get all the latest India news, ipo, bse, business news, commodity, sensex nifty, politics news with ease and comfort any time anywhere only on Moneycontrol. According to Crisil research, the cement industry growth is expected to halve in FY21 from 5-6% to 2-3%. We have various options to advertise with us including Events, Advertorials, Banners, Mailers, Webinars etc. Get ETRealty's top stories every morning in your email inbox. Orient Cement, part of the $1.6 bn CK Birla Group has emerged as the front runner to buy out the majority stake of Manoj Gaur led Jaiprakash Associates in its subsidiary Bhillai Jaypee Cement, multiple sources familiar with ongoing negotiations told ET NOW on the condition of anonymity. See more ideas about Chicago, Rent, Home. Total income during the quarter under review stood at Rs 567.14 crore, down 1.32 per cent compared to Rs 574.76 crore reported in the year-ago period, Orient Cement said in a … Days Trial India Business News: New Delhi, May 5 CK Birla Group firm Orient Cement today reported a 10.55 per cent decline in net profit to Rs 16.52 crore for the fourth quarter e iStock Promoters held 37.4 per cent stake in the company as of June 30, 2020, while FIIs held 3.1 per cent, … It isn’t so, no matter how many times Fox news tells us so. Brand, Economic Times Architecture & Design Summit. The enterprise value for the Bhilai asset is US$98/t and the Nigri unit is US$37/t. - Jack - Monday, Mar 18, 13 @ 12:57 pm: Maybe Quinn was referring to those ghost employees that Tollway is so fond of hiring. Orient Cement News - Get the Latest Orient Cement News, Announcements, Photos & Videos on The Economic Times. Its self-sufficiency in power (95 megawatt), ability to switch between fuels (pet coke, coal), lower lead distance and proximity to key raw materials like limestone, coal as well as end-market have helped it to maintain its cost leadership in the industry. The Press Trust of India has reported that AMPSolar Systems is establishing a 13.5MW solar power plant in Maharashtra, where Orient Cement operates an integrated cement plant. Choose your reason below and click on the Report button. Sharp Insight-rich, Indepth stories across 20+ sectors, Access the exclusive Economic Times stories, Editorial and Expert opinion. Aditya Birla Sun Life Tax Relief 96 Direct-Growt.. Mirae Asset Emerging Bluechip Fund Direct-Growth, Buy Orient Cement, target price Rs 105: ICICI Direct. Orient Cement Ltd.’s Q2 FY21 Ebitda at Rs 1.13 billion (more than doubled YoY) was ahead of our/consensus estimates led by lower costs.Total cost/tonne declined 4% YoY owing to strict cost control and better efficiencies; while realisation increased 13% YoY leading to 2.6 times increase in Ebitda/tonne to Rs 1,109/tonne (our estimate Rs1,028/tonne).Volumes declined 18% YoY, broadly in … This will alert our moderators to take action. Orient Cement Ltd. is a mid-sized (8 metric tonne capacity) cost-efficient player in the cement space. Orient Cement's total income rose 21.14 per cent to Rs 754.89 crore during the quarter under review as against Rs 623.13 crore in the corresponding quarter last year. Why follow tips? Also, find top stories and latest updates on Orient Cement . It was demerged in the year 2012 and since then, it has emerged as one of the fastest growing and leading cement manufacturers in India. ROCE (%) Definition It is a financial ratio that measures a company’s ... Orient Cement Limited CIN:L26940OR2011PLC013933 Floor, 25, Barakhamba Road, New Delhi-110 001 For reprint rights: Inciting hatred against a certain community, 15 Orient Cement has entered into Share Purchase, Subscription and Shareholder's Agreement with AMPSolar Technology and AMPSolar Systems on 03 December 2020 for acquisition of 26% stake in the share capital of AMPSolar Systems for putting up the solar power plant with capacity of 13.5 MW, under Captive Scheme. The deal has been terminated as both parties failed to complete the transactions within the stipulated 12 months time, according to regulatory filings. Stock Market News: Latest Stock news and updates on The Economic Times. Orient Cement's profit down 29% to Rs 44 crore in Q4 FY20 NEW DELHI: C K Birla Group firm Orient Cement on Friday reported 29 per cent fall in net profit at Rs 44.06 crore for the quarter ended March 31, 2020, due to lockdown. 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